Rieco Industries Limited

Rieco Industries Limited - machinery and equipment in Pune, Maharashtra, India. FY 2026 financials & compliance.
CIN U24118MH1975PLC018631 Incorporated 31 October 1975 ROC Pune HQ Pune, Maharashtra, India
Active Public Limited Company machinery and equipment MSME · Medium
Data last updated
Revenue · FY 2025
₹228.12 Cr
▼ 28% YoY
Net loss · FY 2025
₹21.68 Cr
Net margin -9.5%
EBITDA · FY 2025
-₹15.4 Cr
EBITDA margin -6.8%
Authorised capital
₹17 Cr
Registered with MCA
Paid-up capital
₹12.5 Cr
Issued & subscribed
Open charges
₹120 Cr
Satisfied ₹101.87 Cr
Company age
51 yrs
Est. 1975
Employees · EPFO
327
Provident fund records

About Rieco Industries Limited

Data last updated:

Rieco Industries Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Sudarshan Chemical Industries Limited. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 31 October 1975 and has been in existence for over 51 years.

The company is registered with the Registrar of Companies (ROC), Pune, under CIN U24118MH1975PLC018631. Its GSTIN is 27AAACR8217P1ZV (Maharashtra). The company holds 15 GST registrations, of which 4 are active.

The company has an authorised share capital of ₹17 Cr and a paid-up capital of ₹12.5 Cr. It is led by directors including Hari Govind Katri Puliyakote (Managing Director) and Amitabha Mukhopadhyay.

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pune, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹228.12 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹21.68 Cr (net margin -9.5%) and EBITDA of -₹15.4 Cr (EBITDA margin -6.8%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 14% over five years.

The company has about 327 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Rieco. As per MCA filings, the company has open charges of ₹120 Cr and satisfied charges of ₹101.87 Cr on record. Court records list 51 cases involving the company, including 33 filed by the company and 18 filed against it; 15 cases are pending. The company has 8 deals on record (6 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹5 Cr; the latest was in March 2017. Its 5 peer companies in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 2 smaller; the largest is Cflo World Limited with revenue of ₹236.76 Cr. The company has 16 MSME Form 1 returns on record between 2018 and 2024, listing 1,539 overdue payments to 189 micro and small suppliers.

Rieco Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0017533). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rieco.com.

Company details

CIN U24118MH1975PLC018631
Registration Number 018631
Incorporation Date 31 October 1975
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Sudarshan Chemical Industries Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-26-0017533

CIN history

Rieco Industries has one previous CIN (Corporate Identification Number): L24118MH1975PLC018631. The current CIN is U24118MH1975PLC018631, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U24118MH1975PLC018631Current
L24118MH1975PLC018631Previous
Key People
Hari Govind Katri Puliyakote Managing Director Amitabha Mukhopadhyay Director Shivalika Arvind Raje Director

Recognitions & Rankings of Rieco Industries

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-26-0017533

Contact details

Rieco Industries Limited's registered office is in Pune, Maharashtra. Its website is rieco.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    rieco.com
  • Social Media
  • Registered Address
    11th Floor Eleven West Panchshil, Survey No. 25 Near Pan Card Club Road Baner, Pune, Maharashtra, India – 411069
  • Industry
    Machinery and Equipment, Process Machinery & Industrial Equipment

To see the full contact details of Rieco Industries Limited, buy the company report.

Comprehensive company report
Rieco Industries Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Rieco Industries operates one associated brand: Rieco. Each brand links to its own profile.

BrandDescriptionWebsite
Rieco
Engineering services and powder handling solutions for industries like food, chemical, and power.rieco.com

Business activity

The main business activity of Rieco Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of Rieco Industries Limited, buy the company report.

Financials of Rieco Industries Limited

FY 2025 filings available

Rieco Industries Limited reported revenue of ₹228.12 Cr (down 28% YoY) for FY 2025.

Revenue · FY 2025
₹228.12 Cr ▼ 28%
Net loss · FY 2025
₹21.68 Cr margin -9.5%
EBITDA · FY 2025
-₹15.4 Cr margin -6.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 28%
3 years · compounded
▲ 8%
5 years · compounded
▲ 14%

Revenue fell 28% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.

Financial Statement Summary

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹228.12 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹15.4 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹21.68 Cr
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-6.8%
Net Profit Margin-9.5%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Rieco Industries Limited, buy the company report.

Board of directors of Rieco Industries Limited

Rieco Industries has 5 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Hari Govind Katri PuliyakoteManaging Director09 Oct 20242 Years 0 MonthsCurrent
Amitabha Mukhopadhyay
Also directs: Sudarshan Colorants India Limited, Sudarshan Chemical Industries Limited, Parag Milk Foods Limited and 5 more
Director22 Sep 20251 Years 1 MonthsCurrent
Shivalika Arvind Raje
Also directs: Sudarshan Gujarat Mfg Private Limited, Sudarshan CSR Foundation
Director27 Jul 20242 Years 3 MonthsCurrent
Naresh Thakurdas Raisinghani
Also directs: Sudarshan Colorants India Limited, Sudarshan Chemical Industries Limited, Breakthrough Management Group India Private Limited
Director25 Jul 20242 Years 3 MonthsCurrent
Nilkanth Jayant Natu
Also directs: Sudarshan Gujarat Mfg Private Limited, Sudarshan Dahej Mfg Private Limited
Director26 Jul 20242 Years 3 MonthsCurrent
View all directors

Peer comparison

Rieco Industries Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Cflo World Limited₹236.76 Cr (FY 2025)19.0%Kolkata, West Bengal, India
Lokesh Machines Ltd₹229.79 Cr (FY 2025)-22.0%Telangana, India
Mectech Process Engineers Private Limited₹228.15 Cr (FY 2025)64.0%New Delhi, Delhi, India
Rieco Industries Limitedthis company₹228.12 Cr (FY 2025)-₹21.68 Cr-9.5%-28.0%327Pune, Maharashtra, India
S.B. Reshellers Private Limited₹222.18 Cr (FY 2025)-4.0%Kolhapur, Maharashtra, India
Yizumi Precision Machinery (India) Private Limited₹220.76 Cr (FY 2023)33.0%Ahmedabad, Gujarat, India

To see the full peer comparison of Rieco Industries Limited, buy the company report.

Auditor

Rieco Industries Limited is audited by M/s.B S R & Associates LLP for the financial year 2022.

Auditor firmFinancial yearFirm registration number
M/s.B S R & Associates LLPFY 2022116231

Shareholding

The shareholding of Rieco Industries Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Rieco Industries Limited, buy the company report.

Charges & borrowings

Open charges
₹120 Cr
Satisfied charges
₹101.87 Cr
Breakdown by lending institutions
Others₹120.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Mar 2022100564365Others₹60 CrOpen
03 Mar 200590087173Others₹60 CrOpen
06 Jan 2022100551590Others₹2.69 CrSatisfied
30 Mar 201210354094Bank of Maharashtra₹90 LakhSatisfied
09 Jul 201010228023Bank of Maharashtra₹3.21 CrSatisfied

To see the full charge records of Rieco Industries Limited, buy the company report.

Total charge records: 15 View all charges

Deals & funding

Rieco Industries Limited has 8 deals on record (6 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹5 Cr; the latest was in March 2017.

Total deals
8
Secondary share transfers
6
Funding round
1
Rights issue
1
Disclosed funding
₹5 Cr

Deals on record (5 of 8)

WhenDealAmountParties
Mar 2017Rights issue₹7 CrInvestors: Sudarshan Chemical Industries Limited
Mar 2015Secondary share transferUndisclosedBuyer: Sudarshan Chemical Industries Limited & K.L. Rathi, Sudarshan Chemical Industries Limited & Rajesh Balkrishna Rathi, Sudarshan Chemical Industries Limited
Seller: N J R Finance Private Limited, Laxminarayan Finance Pvt Ltd , 2 individuals
Mar 2015Funding round₹5 CrInvestors: Sudarshan Chemical Industries Limited
Nov 2011Secondary share transferUndisclosedBuyer: an individual
Seller: Kishore L Rathi Huf
Aug 2011Secondary share transferUndisclosedBuyer: 3 individuals
Seller: Pradeep R Rathi Huf

To see the full deal history of Rieco Industries Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Rieco Industries Limited has 16 MSME Form 1 returns on record between 2018 and 2024, listing 1,539 overdue payments to 189 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 189)

SupplierAmount dueDue sinceReported on
an individual supplier
Manish Industrial Corpora
Rajmata Enterprises
an individual supplier
Phoenix Trading Company

To see the full MSME payment records of Rieco Industries Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Rieco Industries Limited has a workforce of 327 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.

Employee count
327
Active EPFO establishments
2
Employee growth
10.1%

GST

Rieco Industries has 15 GST registrations: 4 active and 11 cancelled or inactive.

Total GSTINs
15
Active
4
Cancelled / inactive
11
GSTINStateStatusRegistered on
27AAACR8217P1ZVMaharashtraActive01 Jul 2017
27AAACR8217P2ZUMaharashtraActive15 Apr 2025
09AAACR8217P1ZTUttar PradeshActive01 Dec 2019
24AAACR8217P2Z0GujaratActive09 Aug 2022

To see the full GST registrations and return filing status of Rieco Industries Limited, buy the company report.

Recent activity

Rieco Industries Limited has 22 board changes on record since 2014: 7 appointments and 15 cessations. The latest: Amitabha Mukhopadhyay was appointed as Director on 22 Sep 2025.

AGM
Rieco Industries Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Appointed
Amitabha Mukhopadhyay was appointed as Director.
Filing
Rieco Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Appointed
Hari Govind Katri Puliyakote was appointed as Managing Director.
Ceased
Hari Govind Katri Puliyakote ceased to be Additional Director.
Ceased
Nilkanth Jayant Natu ceased to be Additional Director.
Ceased
Shivalika Arvind Raje ceased to be Additional Director.
Appointed
Shivalika Arvind Raje was appointed as Director.
Appointed
Nilkanth Jayant Natu was appointed as Director.
Ceased
Amitabha Mukhopadhyay ceased to be Additional Director.
Appointed
Amitabha Mukhopadhyay was appointed as Director.
Appointed
Naresh Thakurdas Raisinghani was appointed as Director.

45 earlier events are in the company report.

News

Frequently asked questions

Rieco Industries is an active public limited company based in Pune, Maharashtra, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 31 October 1975 (51+ years old) and is registered under CIN U24118MH1975PLC018631.

Rieco Industries has 5 current directors:

The latest financial statements of Rieco Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Rieco Industries is 27AAACR8217P1ZV, registered in Maharashtra. The company has 15 GST registrations in all, of which 4 are active and 11 are cancelled or inactive. Other active GSTINs include 27AAACR8217P2ZU (Maharashtra), 09AAACR8217P1ZT (Uttar Pradesh), 24AAACR8217P2Z0 (Gujarat).

The CIN (Corporate Identification Number) of Rieco Industries is U24118MH1975PLC018631. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Rieco Industries has 51 court cases on record: 33 filed by the company and 18 filed against it. 15 are pending. Most are in the district courts.

Rieco Industries was incorporated on 31 October 1975, making it 51+ years old. It is registered with the Registrar of Companies, Pune.

Rieco Industries has 8 deals on record (6 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹5 Cr; the latest was in March 2017.

The peers of Rieco Industries by revenue are Cflo World Limited, Lokesh Machines Ltd, Mectech Process Engineers Private Limited, S.B. Reshellers Private Limited, Yizumi Precision Machinery (India) Private Limited, all in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).

Amitabha Mukhopadhyay was appointed as Director on 22 Sep 2025. Hari Govind Katri Puliyakote was appointed as Managing Director on 09 Oct 2024. Hari Govind Katri Puliyakote ceased to be Additional Director on 09 Oct 2024. Rieco Industries has 22 board changes on record in total.

Yes, Rieco Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-26-0017533).

Rieco Industries has 16 MSME Form 1 returns on record between 2018 and 2024, listing 1,539 overdue payments to 189 micro and small suppliers. The latest return was filed on 25 Apr 2024.